Bank of America Stock: It's Time to Buy Again

With earnings and a government settlement pending, options investors can make a quick buck.

That is the one takeaway from Citigroup's recent earnings report and $7 billion settlement with the Department of Justice. The news sent Citigroup's (ticker: C) stock up some 3% on more than double normal trading volume, offering an early glimpse of how investors might react to Bank of America's (BAC) stock later this week.